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It was an average day at my hardware wallet startup in India.
I got an SMS from our banking partner ICICI - "Dear customer, RS XXXXXXX has been debited from your account"
Confused, I checked our bank balance. It was zero. From 7 digits to 0
How did this happen?
Time for 🧵
I got an SMS from our banking partner ICICI - "Dear customer, RS XXXXXXX has been debited from your account"
Confused, I checked our bank balance. It was zero. From 7 digits to 0
How did this happen?
Time for 🧵
We are banking with @ICICIBank since we got funded by @TachyonAccel . We've got grants from govt. incubators & orgs like @SINEIITB, @GoI_MeitY & @icreateNextGen.
Yet ICICI debited all our money & closed our bank account for being associated with Crypto. Without any notice 😤
Yet ICICI debited all our money & closed our bank account for being associated with Crypto. Without any notice 😤
I called the folks at ICICI. No one had any information. I had to personally visit the bank.
The manager told our bank a/c is closed on instructions of bank HQ 🤯
Turns out, their risk mgmt team has flagged Cypherock as a suspicious company doing crypto transactions.
The manager told our bank a/c is closed on instructions of bank HQ 🤯
Turns out, their risk mgmt team has flagged Cypherock as a suspicious company doing crypto transactions.
